FHFA 2026 Raises Multifamily Caps for Fannie Mae and Freddie Mac
November 25, 2025
The Federal Housing Finance Agency (FHFA) announced it will increase multifamily purchase caps in 2026 for Fannie Mae and Freddie Mac by over 20% compared to this year.
The updated purchase cap for each entity’s multifamily mortgage purchases in 2026 is $88 billion, for a combined $176 billion in multifamily purchases. The FHFA set a $73 billion multifamily purchase cap volume for each entity in 2025
At least half of each company’s multifamily purchases must support “mission-driven, affordable housing,” the same level as in 2024 and 2025.
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